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Convenience Consumption, Part 2
Just a few days after finishing my entry on convenience consumption I read in The Atlantic a great article by Virginia Postrel on what she termed “inconspicuous consumption.” She explores the works of...
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Income Inequality
It isn’t often that I read two articles about income inquality in one day, let alone in publications as disparate as the Wall Street Journal and Harvard Magazine. But yesterday was just such a day, and...
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The New Republic vs. Ayn Rand
Jonathan Chait of The New Republic recently took on Ayn Rand and her philosophy, and thus he took on the entire intellectual edifice of the right, which is built on Rand’s view that any restrictions on...
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Luck Drives Pop Music AND Wealth?
Yesterday’s Baseline Scenario (one of my favorite blogs) had an entry describing an academic paper which modeled how income gets distributed in a society and why income inequality is so strong in some...
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Judge Richard Posner on Luck, Wealth and Taxation
First of all, how come nobody told me that Richard Posner and Gary Becker had their own blog? I have never referenced Becker in this blog, but he is a big hitter economist of the Chicago school. But I...
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Silicon Valley Shakeout: Yes, Many Startups Fail
The press is going crazy here in Silicon Valley with pieces about the coming shakeout in startups. The basic story is that over the past few years, the growth in angel investors led to a lot of...
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